The incoming managing director of emerging Alaskan gold explorer Felix Gold says the company is strongly positioned to deliver value as he steps into the role.

Experienced mineral exploration and development executive Anthony Reilly, whose 35 years of work in the mining and global finance industry include roles as managing director and CEO of Paradigm Metals, CMG Gold and Venturex Resources, will enter the position today.

Previously holding senior global forex business roles with Westpac and CBA, he says he is attracted to Felix’ (ASX:FXG) technical and strategic strengths and its leading position in one of the globe’s most prospective gold belts in Fairbanks and the world class Tintina province.

“I took the role as MD/CEO of Felix Gold because it is a company that is strongly positioned to deliver value with its technical and strategic strengths coupled with a sophisticated network of people surrounding the company,” Reilly said.

“FXG is the largest tenure holder in the Fairbanks Gold Mining District with 16Moz of past gold production and home to Kinross’s Fort Knox, which is actively searching for more ore supply.

“It has current JORC Inferred Resources of 364,000oz of gold and outstanding 2022 results have the potential to lead to further resource upgrades with results of diamond drilling/geophysics pending in the coming weeks.

“In addition to refining and executing our 2023 plans, I will be focused on the education of the investment community on the value proposition of Felix Gold.”

Executive movements

With Reilly’s appointment to the top job, previous CEO Joe Webb will concentrate his attention as CEO of Felix’s founding and largest shareholder, Mine Discovery Fund, developing complementary mineral discovery companies in the MDF group.

His expertise will remain within FXG as a non-executive director.

“I am delighted to welcome Anthony to Felix. His depth of industry experience and strong commercial acumen make him an excellent fit for our key executive leadership role. I look forward to working closely with Anthony as we seek to make Felix the premier gold exploration business in the world-class Tintina Province,” FXG non-executive chairman Ronnie Beavor said.

“I would also like to take this opportunity to thank Joe for his extensive efforts as CEO. He hands over the reins after leading an outstanding 2022 field season in Alaska, the results of which continue to be received.”

FXG’s recent exploration efforts in the Fairbanks district have focused on drilling around its Treasure Creek project where assays over the past year have returned shallow, high-grade gold from multiple prospects.

It is also reviewing the antimony potential of its Scrafford Shear prospect in light of its emergence as a critical mineral acknowledged by the US Government.

Scrafford Shear hosted Alaska’s second largest historic antimony mine with grades of up to 58% Sb, part of a large gold-antimony mineralised system at Treasure Creek.

 

 

 

This article was developed in collaboration with Felix Gold, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

 

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